Key stats
About First Trust Smith Opportunistic Fixed Income ETF
Home page
Inception date
Feb 14, 2017
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FIXD can be compared to other actively managed core bond ETFs in the space. TCW, FIXD`s sub-advisor, is a household name in the fixed income mutual fund space. FIXD`s investors are paying for the ability of TCW to outperform the market. FIXD has a long leash in selecting its investments. It can hold securities of various issuers, sectors, maturities, and credit qualities. It can also hold derivatives, including OTC derivatives, for hedging and other purposes. It only aims to have a weighted average duration within 1 year of the iconic Bloomberg US Aggregate Index. Since FIXD can hold high-yield and/or non-USD denominated securities, it will have a rather different yield, credit, and currency exposure profile than similar funds with the same duration. Prior to May 9, 2025 the sub-advisor was TCW and the fund name contained TCW in place of Smith.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Corporate
Securitized
Bonds, Cash & Other100.00%
Government39.97%
Corporate31.00%
Securitized30.87%
Miscellaneous0.09%
Loans0.06%
Cash−1.99%
Stock breakdown by region
North America96.29%
Europe3.49%
Asia0.22%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FIXD invests in bonds. The fund's major sectors are Government, with 39.97% stocks, and Corporate, with 31.00% of the basket. The assets are mostly located in the North America region.
FIXD top holdings are United States Treasury Notes 4.625% 15-FEB-2035 and United States Treasury Notes 4.125% 31-OCT-2029, occupying 6.93% and 6.28% of the portfolio correspondingly.
FIXD last dividends amounted to 0.16 USD. The month before, the issuer paid 0.16 USD in dividends,
FIXD assets under management is 3.50 B USD. It's fallen 4.75% over the last month.
FIXD fund flows account for −1.47 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FIXD pays dividends to its holders with the dividend yield of 4.31%. The last dividend (May 30, 2025) amounted to 0.16 USD. The dividends are paid monthly.
FIXD shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Feb 14, 2017, and its management style is Active.
FIXD expense ratio is 0.65% meaning you'd have to pay 0.65% of your investment to help manage the fund.
FIXD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FIXD invests in bonds.
FIXD price has fallen by −0.49% over the last month, and its yearly performance shows a −0.07% decrease. See more dynamics on FIXD price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.31% over the last month, showed a −0.73% decrease in three-month performance and has increased by 2.78% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.31% over the last month, showed a −0.73% decrease in three-month performance and has increased by 2.78% in a year.
FIXD trades at a premium (0.23%) meaning the ETF is trading at a higher price than the calculated NAV.